Prestige Ferns Residency

Prestige Ferns Residency – Overview

“Prestige Ferns Residency” wherein one buys not only an apartment but an ambiance with all the unruffled elements of nature. Seemingly endless expanses of green which are part of the defense estates on one side and a perennial lake with its localized flora and fauna, on the other.

Strategically located, just off the Sarjapur Road, in close proximity with the hotbed of IT/ITES industry. It is a meticulously designed to allow maximum light and ventilation, at the same time ensuring breathtaking views for all types of apartments, with great emphasis on functionality.

Prestige Ferns Residency – Approach Road

Key Distance

Surrounding Developments

South and East Bangalore are nearing saturation. But if there’s one area that’s still seeing significant real estate action, it’s Sarjapur Road.

Development in the area started later, and now, on account of its proximity to the IT clusters around Madiwala, Outer Ring Road (ORR), Whitefield and the Marathahalli-Sarjapur stretch, as also commercial developments along the road, the stretch is hot property.

Wipro came up with a campus on the road some five years back. Infosys has acquired 202 acres in the area to set up an IT SEZ, which is expected to become operational this year.

Analysts say Infosys’ announcement about its project triggered developer activity, anticipating greater residential demand. Land prices in Sarjapur village shot up from Rs 75 lakh to Rs 2-3 crore an acre. Sobha Developers has a 130-acre land in Gunjur, on the Whitefield-Sarjapur Road stretch. India REIT and SunCity, Mantri Developers and Salarpuria have land parcels in and around Sarjapur Road.

Karun Varma, MD-Bangalore of property consultancy Jones Lang LaSalle India, says Sarjapur Road has a large number of upwardly mobile IT/ITES employees. “Proximity to employee catchment areas and availability of ready-to-occupy/under construction Grade A office spaces make it a preferred destination,” he says. The total Grade A office space on the adjoining ORR was 20 mn sft till last year. An additional supply of 3.93 mn sft is expected this year, according to a report by real estate consultancy Cushman & Wakefield.

Capital values on Sarjapur Road have been more affordable compared to some of its upmarket neighbourhoods. “You have an entry-level pricing of Rs 3,500 per sft compared to Rs 7,500 in Koramangala or Rs 4,500 in Whitefield,” says Sobha Developers MD J C Sharma. Mantri Flora, Divyashree Elan, Purva Skywoods, Springfield Apartments, Sobha Cinnamon are some of the prominent developments in the area. Capital values have been appreciating. For instance, Mantri Flora was available at Rs 3,000 per sft two years back; now it is said to be about Rs 4,000 per sft.

“There are close to 2 lakh employees working in the ORR stretch. So Sarjapur Road is emerging as a busy IT corridor. It has a good mix of educational institutions and retail outlets. Many hospitality players like Hilton, Shangri-La and Novotel are coming up on Sarjapur Road,” says Sushil Mantri, CMD of Mantri Developers. But the area lacks healthcare facilities. The closest is perhaps Vikram Hospital in Marathahalli and Sai Baba Hospital in Whitefield.

Prestige Ferns Residency – Price

Offers

Plus Points

Concerns

About Builder

The Prestige Group owes its origin to Mr. Razack Sattar, who envisioned a success story waiting to take shape in the retail business in 1956 itself.

Prestige Estates and Properties was setup in 1986 growing swiftly to become the leading property developers in Bangalore.

Prestige Court on K.H. Road in Bangalore set the pace and with over 153 developments covering 38.5 million sq ft of developable area to its credit, Prestige constructions now house a very large populace residing in South India.

Also, Prestige hosts some of the biggest MNCs in business here with residential,commercial ,retail and hospitality developments on the cards approximating 61.4 million sq. ft. just in area.

A presence in the retail sector with multiplexes and malls, Prestige has built for itself a name in property development.

32 Comments Added

Hi Harish,
I have booked a flat in Prestige Fern Residency. How do you think that appreciation would be for this project? How do you rate this project for Investment Vs End Use purpose?
thanks
Neet Reply

i have brought a non premium apartment in prestige ferns
will it be a problem when reselling my apartment as there is less demand for nonpremium blocks
do you think I have done a right decsion .I have brought it purely for investment Reply

Harish. Thank you for advice. I am considering 4bhk for self use. However I find people consistently telling me that it is not good for investment. Given location and lake facing is it a major concern if I need it sell or rent in future? Reply

Hi Harish,
There is a project just behind Prestige Ferns project with name Zonasha Elegance who are offering Rs. 3900/sqft.
I want to book a 2BHK in either of these project for end use.
Can you please suggest which one would be good in terms of appreciation of the value of the property and what can be the difference in quality of both the projects ? Reply

I would like to make investment in any of the Bangalore Properties which have good return prospect and must be somewhere in south Bangalore. I looked into some of the properties of Sobha/brigade/Prestige. Would be interested in buying 4BHK+Servant in Prestige Fern Residency. Can some one let me know the best price and whether this will be a good investment or not? The entry of the flat must be North or NE and south side it should be open. Reply

Hi Harish,
I am planing buy 2 bhk at prestige ferns residency.I have few doubts on this
1. While visiting the site i got to know sbi is not funding the project. Is there some legal issue?
2.There is a adjacent lake, does it have any wetland encroachment issues here?
Thanks,
Sananda Reply